KUALA LUMPUR, Sept 30 — Share prices opened slightly lower today on continued selling pressure following the weak industrial profits report in China that dragged down some of the Asian share markets, dealers said.
At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.53 points easier at 1,601.79 after opening 0.8 point lower at 1,602.52.
Market breadth, however, was better with gainers outpacing decliners by 95 to 62 while 106 counters were unchanged, 1,568 untraded and 53 others were suspended.
Turnover stood at 69.29 million shares worth RM23.94 million.
Kenanga Research, in its note, said Malaysia could face another ‘bond litmus’ test.
“About RM11 billion (US$2.5 billion) worth of government bonds are due to mature today and foreigners own on average 45 per cent of outstanding bonds,” it said.
The FBM Emas Index fell 5.79 points to 11,087.11, FBMT100 Index eased 6.37 points to 10,807.05 and the FBM Emas Shariah Index was 6.08 points lower at 11,774.03.
The FBM 70 rose 7.30 points to 12,195.97 and the FBM Ace added 28.19 points to 5,533.03.
On a sectoral basis, the Plantation Index fell 17.45 points to 6,969.62 and the Finance Index inched up 0.87 point to 13,819.10. The Industrial Index went down 15.34 points to 3,088.53.
Among heavyweights, Maybank was flat at RM8.39, while both Public Bank and TNB added two sen each to RM17.44 and RM11.98, respectively.
Among the actively-traded stocks were The Media Shoppe and Tiger Synerg,y, which were flat at 12.5 sen and 8.5 sen, respecetively, and IFCA MSC which was half-a-sen better at 94.5 sen. — Bernama
